Markets

Dow Jones – The situation is unchanged

The Dow Jones Industrial Average® is still facing the technical abyss, but has not yet fallen into it. This is how you could briefly summarize the current situation. In the past two trading days, there was a stabilization at a low level. The long shadows on top of the last two day candles indicate that buyers have so far had little to counter and that recoveries are being sold off again and again. The possible recovery to 28,365 points was however unwound. From a bull’s point of view, it remains unchanged that it would be important not to allow any further lows and to defend the support at 28,170 points. Above 28,450 points, a recovery towards 28,733 points is conceivable.

On the bottom it is only about slight adjustments. Leaving support at 28,170 points could lead to further losses. In this case, the next supports can be given at 27,980 points and in the form of the EMA50 at just under 27,820 points.

Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (logical candle chart display)

Observation period: August 26, 2020 – October 21, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Dow Jones Industrial Average® Index in points on the monthly chart; 1 candle = 1 month (logical candle chart display)

Observation period: October 1, 2015 – October 21, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on the Dow Jones Industrial Average® Index for speculation that the index will rise

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation date
Dow Jones® IndexHR0J3H 47.8622,550.00 4.9810/30/2020
Dow Jones® IndexHR0J57 23.3525,450.00 10.2210/30/2020
Source: HypoVereinsbank onemarkets; Status: 10/22/2020; 2:28 pm

Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation date
DowJones® IndexHR0XAA 31.6431,900.007.5410/30/2020
DowJones® IndexHR0QHB 24.0031,000.009.9410/30/2020
Source: HypoVereinsbank onemarkets; Status: 10/22/2020; 2:30 p.m.

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The post Dow Jones – The situation is unchanged first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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